Capital Markets Day 2 September 2009 Boliden Area 2010 Bildplatshållare Staffan Sandström General Manager Boliden Area BA Mines 1 2009-09-02 Boliden Area Operations Two underground mines - Renström and Kristineberg One open pit mine, Maurliden A concentrator and a gold leaching plant. All mines have complex sulphide ores containing zinc, copper, lead, gold and silver. Production 2008 – Ore 1,062 ktonnes – Slag 293 ktonnes Metal – – – – – BA Mines Copper (t) Lead (t) Zinc (t) Silver (kg) Gold (kg) 9,413 1,896 38,479 47,671 1,141 2 2009-09-02 tonnes / year Production history from 29 mines in the Skellefte District 1925-2008 In total 106.6 million tonnes produced by Boliden 2 500 000 2 000 000 1 500 000 1 000 000 500 000 Adak Långsele Bjurfors Kimheden Udden Lindsköld Långdal Högkulla Ö Hornträsk Åsen Brännmyran Kankberg Holmtjärn Näsliden Kedträsk Rudtjebäcken Åkulla V Kristineberg Rakkejaur Maurliden V Lainijaur Åkulla Ö Rävlidmyran Renström Storliden 2008 2005 2002 1999 1996 1993 1990 1987 1984 1981 1978 1975 1972 1969 1966 1963 1960 1957 1954 1951 1948 1945 1942 1939 1936 1933 1930 1927 1924 0 Boliden Åkerberg Rävliden Petiknäs S 2008-01-23 / GA BA Mines 2009-09-02 3 Production plan Site Year 2009 2010 2011 2012 2013 Maurliden East Expansion* Production Maurliden Push back Production Renström Kristineberg Slag (Rönnskär) Tailing Gillervattnet Tailing Hötjärn *) Assuming environmental permits latest end of Q2 2010 Year 2009 and part of 2010 production in the mill is reduced. BA Mines 4 2009-09-02 Boliden Area – Production and ore reserves Ktonnes 30 000 25 000 20 000 15 000 10 000 5 000 0 2004 Proven BA Mines 2005 Probable 2006 Measured 2007 Indicated Inferred 5 2008 Ore prod*10 2009-09-02 Gillervattnet – Existing tailing pond Tailing Tailing pond pond will will get get filled filled up up in in 2009 2009 at at maximal maximal production production capacity. capacity. With With reduced reduced production production itit will will last last until 2011 until 2011 BA Mines 6 2009-09-02 Hötjärn – New tailing pond Construction of the new pond started in 2008 – Crossroads for the Boliden Area BA Mines 7 2009-09-02 8 2009-09-02 Maurliden mines BA Mines Maurliden - Production and ore reserves Ktonnes 6 000 5 000 4 000 3 000 2 000 1 000 0 2004 Proven 2005 2006 Probable Measured BA Mines 2007 Indicated 2008 Inferred Ore prod*10 2009-09-02 9 Renström mine 0Z Ore reserve Mineral resource Potential 200 Z Mined out 400 Z 600 Z 800 Z Simonmalmen 1000 Z Undersökningsort 1125 1200 Z Julia Vilma 1400 Z 800 Y BA Mines 1000 Y 1200 Y 1400 Y 10 1600 Y 2009-09-02 Renström - Production and ore reserves Ktonnes 4 000 3 500 3 000 2 500 2 000 1 500 1 000 500 0 2004 Proven 2005 2006 Probable Measured BA Mines 2007 Indicated 2008 Inferred Ore prod*10 2009-09-02 11 Kristineberg mine Rävlide n Kristineber g L-zone B-ore M-zone J-zone Ore reserves Mineral resources Mined-out BA Mines 12 2009-09-02 Kristineberg mine (horizontal projection) BA Mines 2009-09-02 13 Kristineberg - Production and ore reserves Ktonnes 12 000 10 000 8 000 6 000 4 000 2 000 0 2004 Proven BA Mines 2005 Probable 2006 Measured 2007 Indicated 14 2008 Inferred Ore prod*10 2009-09-02 Production (indicative only) Ktonnes No scale 2007 Ore production 2008 Copper Zink Gold Silver BA Mines 2009 2010 2012 2013 Year 15 Bildplatshållare 2011 2009-09-02